sajjan jindal

The growth has come despite a relatively modest industry and GDP performance, JSW Steel said in its Annual Report 2016 -17. The output is "its highest-ever crude steel production at 15.80 million tonnes during 2016-17, surpassing the guidance of 15.75 mt".

At the side-lines of CNBC-TV18 Global Natural Resources Conclave in Delhi, Varinder Bansal caught up with Sajjan Jindal of JSW Steel and began by asking him whether the rally in commodity prices is sustainable.

Asian Paints is gaining market share every year in the paints segment and the family, which already runs JSW Steel and JSW Cement, looks at this as a lucrative business because of the complementarity, he said.

Stating that the company was not averse to acquisitions, Rao said, "We always look for inorganic opportunities if they are available in India. So we continue to look at those options." He further said that JSW Steel needs to maintain its market share of 15 percent if the Indian steel capacity and demand continue to grow.

India's JSW Infrastructure Ltd, owned by billionaire Sajjan Jindal, plans to list its shares on local bourses in 2018/19 as it draws an expansion plan to increase operating profit and cargo-handling capacity, a company official said.

Steel prices in India have recovered from the lows observed during 2015-2016, following various measures by the government to curb imports, and the positive momentum across global steel markets since April 2016.

The steel firm owned by billionaire Sajjan Jindal has signed an agreement with Italian state lender CDP, businessman Leonardo del Vecchio's holding company and steelmaker Arvedi to make the bid, the source said.

Electric vehicles that use expensive batteries have failed to take off in cost-conscious and power-deficient India, despite enjoying incentives like low taxes from the government that has set a goal of raising the number of such vehicles to up to 7 million units by 2020, from just around 20,000 now.

Sajjan Jindal, Chairman, JSW Group said fortunately enough iron ore capacity is being developed in the country and so, the country we will import very little ore; in fact in time they would be net exporter of iron ore.